Ripple (XRP) closed at 2.2613 against the US dollar on the three-day chart on Coinbase on April 27, 2025, showing strong momentum. The price maintained its stability above a major triangle resistance level after several weeks of sideways movement between 2.1000 and 2.2950. Traders are now intensely focused on XRP's prospects of breaking the resistance level, with the next target levels expected between 3.000 and 4.200. The asset's price has risen by 2.51% over the last three-day candle, boosting the confidence of investors looking to capitalize on this rise.
XRP maintains its strength within the main structure.
Since late 2024, XRP's price movement has formed a significant descending triangle with lower highs and steady support near 2.1000. Several breakout attempts over the months have failed, indicating strong demand at the critical support area. As consolidation matures, XRP has compressed into narrower ranges, while trading volume steadily declined during March and April. A three-day close at 2.2613 confirmed an early breakout attempt, with a bullish candle breaking through the triangle's resistance levels.
Price movements have been confined within a narrow range, touching a low of 2.1600 and reaching a high of 2.2950. Traders have noted significant accumulation during this phase, as buyers prepare for a potential bullish breakout. The dotted projection line indicates that XRP could rise towards 3.000, a key psychological level that confirms the dominance of the bullish trend. Stability above 2.500 at the close of three days may provide the strength needed for XRP to rise. Any drop below 2.250 could expose the price again to the critical support level at 2.100.
Could the price of XRP rise to 4.200 after breaking the triangle?
After the bullish breakout in April, the technical picture for XRP improved with key support areas holding steady and previous bearish expectations collapsing. The measured move expected from the triangle suggests a target around 4.200 if momentum continues. However, to reach 4.200, XRP must first break the strong psychological barrier at 3.000 with a significant increase in trading volume.
Focus will remain on XRP's ability to surpass the 2.500 and 2.800 resistance levels, which are medium-term resistance levels. If the asset's price exceeds 3.000, this could trigger a new buying wave from traders who are still neutral. Fibonacci extensions closely align with the 4.200 target, providing historical technical confirmation for the next potential price area.
If XRP fails to maintain this breakout, the broken triangle resistance near 2.200 may be retested. However, the bullish breakout structure suggests an increasing likelihood of upward pressure during the second quarter of 2025. Traders see a strong working environment as XRP prepares for what could be its most significant move this year.
Price movements reflect the larger market dynamics.
XRP's breakout reflects general market behavior, as many altcoins show strength against the US dollar. Bitcoin's stability above key moving averages provided stability and opened the door for altcoin breakouts. This environment has allowed XRP to gain momentum, as the broader cryptocurrency market indicates a potential shift towards bullish cycles.
On the three-day timeframe, XRP continues to trade above key exponential moving averages that could form dynamic support areas. Maintaining a three-day close above the 2.200 level is crucial for the continuation of the bullish trend in May and beyond. Short-term traders are now closely monitoring trading volume to verify the sustainability of this breakout.
Months of downward pressure have led to a triggering effect, paving the way for a sustained bullish rise for several months. Technical breakouts from large patterns often achieve significant relative gains if supported by strong trading activity. The current formation of XRP between 2.1000 and 2.2000 represents a critical battleground for the next main trend towards 3.000, and possibly 4.200.